Why CBN interventions fail to save Naira
Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market.
MAN seeks expansion of CBN’s Anchor Borrowers Programme
MANUFACTURERS Association of Nigeria, MAN, has proposed the expansion of the scope of Central Bank of Nigeria’s Anchor Borrowers Programme (ABP) to further boost production of key commodities and stabilize inputs supply to agro processors. Recall that the ABP scheme was introduced by CBN almost two years ago to boost domestic food production and save the country’s capital outflow as a result of about N1 trillion annual food import bill.
CBN has capacity to sustain forex intervention – expert
Dr Biodun Adedipe, the Chief Consultant in Biodun Adedipe Associates, says the Central Bank of Nigeria (CBN) has the capacity to sustain ongoing interventions in the foreign exchange.
Naira appreciates at NAFEX as CBN injects $195/$
The naira yesterday appreciated to N362.21 per dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEX) window, even as the Central Bank of Nigeria (CBN), injected $195 million into the interbank foreign exchange market.
Naira exchanges N364 to Dollar as CBN boosts foreign exchange supply with $195m
The Central Bank of Nigeria (CBN), Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of its efforts to stabilise the market.
Forex: CBN injects $195m into FX market
The Central Bank of Nigeria (CBN), has injected $195million into the inter-bank segment of the foreign exchange market, continuation of its drive to ensure the stability of the exchange rate.
